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Thursday, July 25, 2024

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Banking

Remarkable turnaround in last 10 years as banks’ profit crosses Rs 3 lakh crore: PM Modi

The banking sector has witnessed a profit of Rs 3 lakh crore for the first time in the FY 2023-24. Prime Minister Narendra Modi applauded...

From ‘phone banking’ to prudential banking, how the banking sector turned around under Modi rule

From the days of `phone banking’ to turning around the fortunes of Indian public sector banks by tightening the prudential norms, mega mergers, recapitalisation,...

Compromise settlement by banks with wilful defaulters

RBI has issued a Framework for Compromise Settlements and Technical Write-offs dated 8th June, 2023. This has generated much heat and discussion since the...

NPCI clarifies that customers won’t be charged for UPI transactions

The National Payments Corporation of India (NPCI) on Wednesday said that it has now permitted the Prepaid Payment Instruments (PPI wallets) to be part...

Positive outlook for banks: All-time low NPAs, higher profits, resilient credit offtake

The year 2022 was really a Happy Year for the Indian banks -- both government and private. The banks enjoyed arbitrage between the lending and...

Despite headwinds, Indian financial system resilient, says RBI report

The Indian economy is confronting strong global headwinds, yet sound macroeconomic fundamentals and healthy financial and non-financial sector balance sheets are providing strength and...

Technological disruptions and the role of Banks

While speaking at the 18th banking technology conference organised by Indian Banks’ Association on 3rd December, 2022, Executive Director, RBI, Mr. Ajay Kumar Choudary...

RBI imposes Rs 2 cr fine on Deutsche Bank AG

The Reserve Bank of India (RBI) on Tuesday imposed a penalty of Rs 2 crore on Deutsche Bank AG for non-compliance with certain directions...

CII seeks clarity in taxation laws, simplification, lesser litigation

CII has suggested the government to bring about clarity in the taxation laws, simplification of procedures and reduction of litigation in the upcoming Union...

Need multiple bad banks to address NPA issue: CII to govt

The Confederation of Indian Industry (CII) has urged the government to consider creation of multiple bad banks to address the adverse impact of non-performing...

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